People could find these insurances easily through the healthcare marketplace. To make sure every person is covered properly you can either keep you current plan or get a minimum coverage plan (obamacarefacts.org). If you don't have a health care plan by the end of the year a fee will be put on your year-end Federal taxes for each month you go without coverage (“obamacarefacts.org”). To avoid this fee you can get an exemption or just simply obtain a minimum coverage plan. Getting a private insurance or other kind of insurance, each person must apply in their enrollment periods, which are different for some (useconomy.about.com). Enrollment periods are only open for a limited time, so everyone must make sure they apply in the time it is open or they will have to get coverage by another plan. Purchasing these health care plans could come from the provider, through work, broker, Medicare or Medicaid, or from your states health insurance official
The Health Information Technology for Economic and Clinical Health Act (HITECH Act) which was created by legislation in 2009 with the purpose of starting the use of information technology for Electronic Health Records (EHR) in the United States. President Barack Obama signed HITECH into law on February 17, 2009, as part of the American Recovery and Reinvestment Act of 2009 (ARRA) which is an economic stimulus bill.
The expanded insurance regulations; focus on the removal of pre-existing conditions, expanded children coverage until the age of 26, and no lifetime cap. This key element restricted health insurance companies in increasing premiums and an opportunity to renewal. The cons with this element is the increase of health insurance premiums across the board. Healthy people are paying the same premiums of someone
Right now in the USA the ObamaCare law is a permanent part of the landscape, The USA republicans said that, despite the high court decision upholding various subsidies, the law itself remains the largest and dangerous threat to health care. Although it has its own benefits, Obamacare is increasing costs for hardworking families. Republicans argue that many people have to pay higher costs or see their former policies canceled.Which is leading to poor economy and increasing of debts and deaths within the country.
For sometime, many US citizens have not had the resources to acquire an adequate health insurance plan. Although faced by many oppositions, the US government has found a solution, The Affordable Care Act. The Affordable Care Act, also known as “Obamacare”, is a US healthcare reform law that focuses mainly on providing more Americans with access to an affordable health insurance. The Affordable Care Act is said to expand the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms. Signed into law by President Obama in March 2010, hence the nickname “Obamacare”, the
The Affordable Care Act, (ACA) often referred to as Obamacare, was signed into law March 23rd, 2010 and has quickly become a nightmare to millions of citizens nationwide. While there were fortunate people who benefited from the heavily subsidized and affordable healthcare that was not readily available before ACA was passed, many more people found that their once affordable healthcare was no longer an option due to new ACA requirements (how so?). ACA was designed to extend insurance benefits to roughly 30 million uninsured Americans. The Obama administration aimed to extend Medicaid and provide federal subsidies so lower and middle-class Americans could afford to buy private insurance. This act alone forced millions of Americans out of their
Since the passing of the Patient Protection and Affordable Care Act (PPACA), twenty-eight states have either filed joint or individual lawsuits to strike down the PPACA. This document will examine a few key elements that the President of the United States must take into consideration when reviewing the act and moving forward to either ratify the act, replace the act, or leave the act as it is. Topics that will be presented will include; the current issues being debated, two competing thoughts on how to fix the ACA, an evaluation of the preferred solution, and finally the responsibility of each level of government.
As mentioned in the Business Insider, anything from high blood pressure to cancer and even to acne, is considered a pre-existing condition. Others include diabetes, asthma and pregnancy. Opponents believe that “the vast majority of Americans with health insurance were already in plans that were required to offer them coverage regardless of pre-existing conditions”, as stated in Forbes. One cannot deny that before Obamacare, perhaps a small percentage of Americans were unable to get coverage due to pre-existing conditions. But, there are ways to see that this could have aggravated if it were not for Obamacare. According to CNBC, more than half a million people with pre-existing conditions were denied coverage by the four most prominent health insurance companies from 2007 to 2009. As stated by the ASPE U.S. Department of Health & Human Services, about 1 in 2 Americans have pre-existing conditions, and many of them could have been denied health insurance if it were not for Obamacare. Thus, from a long-term aspect, Obamacare will make a huge impact not only by protecting, but also by drastically reducing the costs of health insurance for tens of millions of Americans with pre-existing
The Affordable Care Act (ACA) is a federal statute signed into law in 2010, that is designed to increase access to health insurance, expand Medicaid eligibility, subsidize health insurance premiums, and provide incentives for businesses to provide health care beneﬁts (Marco et al., 2012). ACA is a law that levels the playing field for all American to have access to health insurance. The ACA’s contributions are as following:
Healthcare is important. Without it, people would not have the adequate means to acquire treatment for illness or injury. However, the United States does not have universal health care for everyone, nor is means of gaining healthcare affordable for all. To try to solve this problem, President Obama began working on healthcare reform almost immediately after assuming office in 2009. During a joint session with Congress on February 24, 2009, President Obama said, "So let there be no doubt: Healthcare reform cannot wait, it must not wait, and it will not wait another year” (8). Almost thirteen months later, after a process of revisions and being passed through the United States Government, President Obama signed the Patient Protection and Affordable Care Act
A. The Affordable Care Act (ACA), also known as The Patient Protection and Affordable Care Act (PPACA), was created in 2010 under the President Obama administration. It is designed to reform the current healthcare system by offering more health insurance options at affordable rates. The reform aims to provide individuals with more health insurance options, alleviate out of pocket costs, and prevent gender discrimination. The basis of providing millions of Americans with quality health insurance options greatly benefits a majority of individuals. Although the ACA has some positive aspects, we believe the act should be repealed and redone to benefit business and consumers alike.
The Affordable Health Care Act is flawed in numerous ways. The premiums are higher than they anticipated them to be. They tried to make it to where everyone would pay the same amount, however it is more expensive to do this. That reason is people that are very sick are in the same health care plan as people that are healthy, and they never visit the doctor. So, healthy people are paying the costs for sick people to go to the doctor. These rates raise each year, because health care keeps increasing as more people become ill (Taylor, 2012).
Before the Affordable Care Act, the majority of employers, 57% in 2013, offered group health insurance policies(“The Uninsured: A
The Affordable Care Act (ACA) is officially referred to as the Patient Protection and Affordable Care Act was enacted into law on March 23, 2010. It is estimated that prior to the enactment of the ACA, 44% or 81 million people between the ages 19-64 were either uninsured or underinsured in the United States (Schoen, Doty, Robertson, & Collins, 2011). The populations most likely to be uninsured or underinsured are individuals with earning between 133-200 % below the established federal poverty guidelines (Schoen et al., 2011). Consequently, 80% of individuals with earning under $20,000-$39,999 were uninsured or underinsured (Schoen et al., 2011). The uninsured population has increased substantially over the years, with the largest increase occurring from 2003 to 2007. The financial recession is cited as a possible reason for underinsured or
It has come to my attention over the years, that Obamacare has caused a decrease in revenue for my company. Being the CEO of PYE, Obamacare has resulted in me paying more taxes, it forces me to provide health insurance for all my employees or if I don’t provide insurance for my employee’s than I would face a penalty that is up to $3000 for every employee after 30, which seems unfair and unethical. There are millions of other health care providers that my employees can get on there own at an affordable price, but making me offer 95% of my employees coverage is unreasonable. What if you were in my position and you were forced to provide insurance for others that do not want insurance at all? Obamacare believes that 30 hour a week is considered full time and this caused many businesses, including myself, to cut wages, jobs, and hours because of decrease amount of revenue generate inside the business. Once Obamacare was created since many people lost hours and many became unemployed, they couldn’t afford health care because it increased three times the amount it was